SKYY vs. IGLD
SKYY (First Trust ISE Cloud Computing Index Fund) and IGLD (FT Cboe Vest Gold Strategy Target Income ETF) are both exchange-traded funds - SKYY is a Technology Equities fund tracking the ISE Cloud Computing Index, while IGLD is a Precious Metals fund actively managed by First Trust. SKYY is passively managed, while IGLD is actively managed. Over the past 5 years, SKYY returned 8.47%/yr vs 13.02%/yr for IGLD. At a 0.09 correlation, their price movements are largely independent. SKYY charges 0.60%/yr vs 0.85%/yr for IGLD.
Performance
SKYY vs. IGLD - Performance Comparison
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Returns By Period
In the year-to-date period, SKYY achieves a 13.58% return, which is significantly higher than IGLD's 1.69% return.
SKYY
- 1D
- -3.49%
- 1M
- 16.66%
- YTD
- 13.58%
- 6M
- 12.79%
- 1Y
- 26.22%
- 3Y*
- 25.41%
- 5Y*
- 8.47%
- 10Y*
- 17.20%
IGLD
- 1D
- -0.81%
- 1M
- -1.33%
- YTD
- 1.69%
- 6M
- 4.44%
- 1Y
- 24.53%
- 3Y*
- 23.01%
- 5Y*
- 13.02%
- 10Y*
- —
SKYY vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SKYY First Trust ISE Cloud Computing Index Fund | 13.58% | 9.20% | 35.87% | 52.18% | -44.68% | 7.44% |
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 1.69% | 47.46% | 19.36% | 9.24% | -2.34% | 4.30% |
Correlation
The correlation between SKYY and IGLD is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021 | 0.09 |
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Return for Risk
SKYY vs. IGLD — Risk / Return Rank
SKYY
IGLD
SKYY vs. IGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust ISE Cloud Computing Index Fund (SKYY) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SKYY | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.40 | -0.44 |
| Martin ratioReturn relative to average drawdown | 2.16 | 3.82 | -1.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SKYY | IGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 1.06 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.86 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.94 | -0.36 |
Drawdowns
SKYY vs. IGLD - Drawdown Comparison
The maximum SKYY drawdown since its inception was -53.20%, which is greater than IGLD's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for SKYY and IGLD.
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Drawdown Indicators
| SKYY | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.20% | -18.59% | -34.61% |
Max Drawdown (1Y)Largest decline over 1 year | -27.39% | -17.56% | -9.83% |
Max Drawdown (3Y)Largest decline over 3 years | -31.80% | -17.56% | -14.24% |
Max Drawdown (5Y)Largest decline over 5 years | -53.20% | -18.59% | -34.61% |
Max Drawdown (10Y)Largest decline over 10 years | -53.20% | — | — |
Current DrawdownCurrent decline from peak | -4.79% | -15.16% | +10.37% |
Average DrawdownAverage peak-to-trough decline | -10.90% | -5.24% | -5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.20% | 6.43% | +5.77% |
Volatility
SKYY vs. IGLD - Volatility Comparison
First Trust ISE Cloud Computing Index Fund (SKYY) has a higher volatility of 11.77% compared to FT Cboe Vest Gold Strategy Target Income ETF (IGLD) at 5.12%. This indicates that SKYY's price experiences larger fluctuations and is considered to be riskier than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKYY | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.77% | 5.12% | +6.65% |
Volatility (6M)Calculated over the trailing 6-month period | 23.23% | 21.01% | +2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 23.24% | +4.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.58% | 15.17% | +15.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.85% | 15.00% | +11.85% |
SKYY vs. IGLD - Expense Ratio Comparison
SKYY has a 0.60% expense ratio, which is lower than IGLD's 0.85% expense ratio.
Dividends
SKYY vs. IGLD - Dividend Comparison
SKYY has not paid dividends to shareholders, while IGLD's dividend yield for the trailing twelve months is around 17.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 17.92% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SKYY First Trust ISE Cloud Computing Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% | 0.78% | 0.17% | 0.54% | 0.37% | 0.27% | 0.35% | 0.41% |
Frequently Asked Questions
SKYY and IGLD have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKYY has higher volatility (11.77%) compared to IGLD (5.12%). In terms of maximum drawdown, SKYY dropped -53.20% vs IGLD's -18.59%.
On 5-year performance, IGLD leads with 13.02% vs 8.47% for SKYY. On fees, SKYY is cheaper at 0.60% per year. On volatility, IGLD has been the lower-risk option at 5.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IGLD has performed better with a 13.02% return vs 8.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SKYY is cheaper with a 0.60% expense ratio, compared with 0.85% for IGLD.
IGLD has the higher dividend yield at 17.92%, compared with 0.00% for SKYY.
SKYY is categorized as Technology Equities, while IGLD is Precious Metals. Their fees differ too: 0.60% for SKYY and 0.85% for IGLD.
IGLD currently has the higher Sharpe Ratio (1.06 vs 0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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